Issue of shares to new shareholders in pvt ltd company

Pvt ltd 1940 views 2 replies

sanjay

sales

45 Points Joined June 2011

Dear group,

I have a query regarding a pvt. ltd. company .

1. Company was formed in september 2009 with 2 shareholders both of whom were nominated as directors .

2. Company did not do any business till now and was dormant practically. Balance sheet & Annual report etc. also has not been filed.

3. Now company wants to commence business . The existing shaeholders had given Rs. 1 lakh as share cpaital . Now , Three more shareholders wth Rs. 1 lakh each is to be inducted and copany wants to enter into trading business .

4. Please suggest how to go about the same and proper procedure .

5. Authorised share capital is Rs. 10 lakh and right now paid up capital is Rs. 1 lakh .

REgards,

sanjay

Replies (2)

prakash

Company Secretary

1352 Points Joined January 2012

First ensure that your company has one of main objective as trading business, otherwise alter MOA by conducting EGM and filing form 23 with ROC.

If company status is dormant in company,s master data, you must file form 61 for bring the company into normal position, file balance sheets and annual returns with ROC.

Since your company have 10 lacs authorized capital, you can allott 30000 shares by filing form 2 with ROC, before allottment, share application money should have been received by the company.

Swagatam Khandelwal

Company Secretary

107 Points Joined March 2010

Dear Mr. Sanjay

First arrange to file pending Balance Sheet & Annual Return of the Company. No other forms can be filed if the Company is default in filing Balance Sheet & Annual Return. Then invite application money from the interested person and file form 2 with ROC. Issue fresh share certificates to them.